METABEAT
METABEAT
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Type: Cryptocurrencies
Ticker: BEAT
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More information about METABEAT

About

BEAT is a fitness data management platform. It enables users to be rewarded with tokens when practicing sports or other physical activities by uploading the fitness data that results from it, creating a health and fitness data marketplace. At BEAT, the reward amount of tokens will be proportional to the practiced exercise, also the user can earn BEAT tokens by selling their data to the data consumers on the platform.

The BEAT Token is an Ethereum-based (ERC-20) cryptocurrency. It is the medium through which the BEAT participants will be rewarded when practicing exercise as well as the currency used when a data consumer wants to buy fitness data from another user.

BEAT Blockchain
Unlock the hidden value of your health and fitness data with the BEAT Blockchain - one heartbeat at a time. Imagine an immutable record of your health and fitness data that seamlessly connects you with all the institutions, companies and people that can help you leverage it. BEAT is exactly this: a state-of-the-art blockchain platform that safekeeps your data and allows you to share it with sports sponsors, talent scouts, doctors, researchers, insurance companies and many more to unlock the vast potential hidden within your health and fitness data.

Use Cases for BEAT
- Own Your Fitness Data : The BEAT ecosystem bridges Data Providers (users of the BEAT platform) and Data Consumers (the companies, researchers and advertisers who benefit from access to health/fitness data). Users of the NoExcuse app as well as our other fitness data management partners, will be able to decide for themselves which data they want to sell for BEAT tokens. And companies using this data will only have access to the specific data points that our users allow. It’s in the user’s hands to decide where, how and with whom his/her data is shared.
- Data Privacy on the Blockchain : The BEAT Blockchain will be used for a number of applications like as securing data, reviewing communication between data consumers and providers, collecting data from fitness wearables or gym equipment, or ensuring a safe transference of data to your doctor.
- Get rewarded for working out : Once you download the NoExcuse app and go to the gym or practice sports. After you're done, you'll be rewarded with BEAT tokens proportional to the exercise you do. You can also earn extra BEAT tokens by syncing the app within the 3,000 Magicline sports club partners. Once you've earned enough BEAT Tokens, you can redeem those tokens on marketplaces like bedarf.de or on crypto exchanges.
- Employee Health Benefits : Companies can offer incentives for their employees to go to the gym. Resulting in healthier, more productive, engaged employees who are less likely to miss work for a sick day. The current ecosystem doesn’t allow these companies to track their employees gym usage. By implementing the BEAT ecosystem, companies will have the ability to reward their employees for working out and to subsidize gym costs by paying sports clubs directly in BEAT tokens.

https://beat.org
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